Board 8 > Stock Topic 36

(+) Yeah! (+)

We seem to have navigated past the correction. Rumors of a bear market still lurk but we appear to be living another day.

Plunked down some SPCE calls too.

yay today is quite green for me

Just need the market to stay steady this week, nothing too red

Barring Russia literally marching on Ukraine I feel pretty confident this week will be pretty green.

I did some Googling of BBIG and from what I see, the TYDE collab isnt even speculation, its definite. Its just a matter of when it will happen and once it does, it will explode. How can this be certain and everyone not invested in it?

Well there are many invested just a lot of nonsense obscuring the price

This ticker has a history of delays but yeah if you follow the breadcrumbs left in SEC filings and such it's looking like Tyde comes very soon. Like before end of Feb. There is also the merger with Zash which is again just a matter of time, and the official PR for the Adrizer acquisition which is just a matter of time. Also if you just look up BBIG without digging you don't immediately know it's associated with Lomotif, which is really the big money draw, that and the other things it owns synergizing with Lomotif.

Most of the buffoonery was under Ted Farnsworth's leadership-- Lisa King owns the company now so in theory things start getting done right.

I think a lot of what is keeping the price down is algorithm driven and I think there are a lot of things that could apply to this ticker that would leave you thinking it could go bankrupt if you're looking purely at data and buzzwords from past press releases. That and it not being super easy to find info on the stock

But yeah I have ultimate confidence here. I wouldn't float Net30 money on shares if I didn't really

Looks like the Adrizer is now official which is why the pre-market pop

Sweet. Hopefully it doesnt explode too much so that I can get in next week maybe.

I still think they're going to try to pin it below $4. And may succeed because market is red

Not trying to get too greedy but yeah, Id still like it to close above $3.50 by Friday and below $4.

As long as you never buy your calls back you're golden. That's the only way greed can get you

I can't help but wonder where all the money is getting to. From all the stocks that reached their peak at Feburary 2021, all the "meme stocks", so many of them lost 60%+
This is so much money that is going back to the pockets of..I dunno? people who discovered the stock market in 2020? are they all super rich now or what?
I am looking at WIX, which just a year ago was actually the Israeli company with the highest market cap, lost 75% of it's value in a fucking year
What the hell

Pray for Nvidia

Interesting price action from fed meeting. Suspect bbig won't be held to $4 this week as the market wont help pin it down. Considering buying back my puts that have gained over half of their value and buying shares.

That we're up only $0.04 off adrizer news has me super bullish right now

Closed puts, bought 1061 more shares

Nanis23 posted...

I can't help but wonder where all the money is getting to. From all the stocks that reached their peak at Feburary 2021, all the "meme stocks", so many of them lost 60%+
This is so much money that is going back to the pockets of..I dunno? people who discovered the stock market in 2020? are they all super rich now or what?
I am looking at WIX, which just a year ago was actually the Israeli company with the highest market cap, lost 75% of it's value in a fucking year
What the hell

It doesn't go to anyone. The value is just gone into thin air. It's not a zero sum game.

I have around $34k worth of BBIG puts at $3.00 strike. Im considering closing that and buying more shares but I think Ill ride it out this week. I got $1100 premium for it and itd currently cost me $500 to close it.

I think if you want a good conservative way to go long, when you get those shares with the 34k DON'T sell calls on them, just sell calls/puts on the rest. 34k if it runs to $100 is quite lucrative. Not that you'd hold that long but even if it ran to $12, you know?

Looks like you may keep your shares for another week.

Me this movement is so inconceivable I'm loading the 3.5c for tomorrow, got 30 of them. Risk-reward seems right to me. Especially since Tyde dividend is a real possibility, MM math favoring $4 is still in place, and we've got a ton of FTDs coming up tomorrow

Yeah. Im doing another $3.50 call for next week. Thats the plan, anyway.

I think the call strategy is very low risk and good but at this point I would highly recommend you scaling back your call selling to like 75% or 80% of your shares.

Adrizer was a big piece of the puzzle and the upside of keeping a fraction of your holding outweighs the downside a bit of call income imo

But do what you feel comfortable with.

Are there other outstanding pieces of the puzzle? I did not know about Adrizer.

Adrizer acquisition affects market cap and could have been a stopping point on the audit which was necessary for Tyde dividend, and may have been part of the reason for TYDE delay with the SEC.

We were waiting on three major catalysts to go boom
Adrizer acquisition
Tyde dividend (this one forces covering so is the big one)
Zash merger (due to underlying stuff in how tickers work this may also force covering at some level-- this why SPRT, now known as GREE, popped)

Also the official market cap valuation as a tangential thing, required for Tyde spinoff, which could make it pop if the company is valued sufficiently high (also requires adrizer to be finalized)

Adrizer is crossed off and in the PR/filing it specifically talked about Zash media and monetizing Lomotif.

Basically the only way this doesn't pop is if the company is outright lying to you or something falls through-- with the Adrizer filing and acquisition being official, and the info about Zash within, that loses a ton of merit as an actual idea that makes sense.

Im convinced the Russia-Ukraine conflict will be resolved sometime next week and the market will go up a bunch when that happens. Im considering not selling calls so that I can capitalize on a quick jump, then buy again during a dip.

https://twitter.com/RaoulGMI/status/1492248356860702742?s=20&t=PlhWnrh9OdmVG4k9r0wD4g

Moonroof posted...

Im convinced the Russia-Ukraine conflict will be resolved sometime next week and the market will go up a bunch when that happens. Im considering not selling calls so that I can capitalize on a quick jump, then buy again during a dip.

If you want to capitalize on the general market going up BBIG is not the play particularly. I'd buy IWM or QQQ

That being said stay on BBIG. Absurd amount of FTDs need to be delivered in the next week could move it up alone especially if we stay over 3

I'm just saying we kinda don't move with the market

What are you selling calls at for next week?

I don't sell calls because I'm here for the moon.

First strike I'll be receptive to selling any will be $8 but that's only if the premium is good. I'm not gonna sell any significant amount until $12

That being said if you don't have the faith, hugging as close to the money as possible is good. Sell $3.50 on the first spike as usual.

Random tinfoil hat theories

Russia Ukraine conflict is all fud spread by the media which is controlled by hedge funds and market makers, because they own pretty much everything

The government actually is being legitimate with these short selling probes and the penalty isnt going to be a simple fine its going to be forcing them to cover as well as a fine. Why? Because retail investors are on a huge uptick, and more important will actually pay their taxes. The tax revenue will be not insignificant.

So we're getting excuse after excuse to dump the market to try and cover as at low as a cost as possible. Eventually we'll run out of excuses and covering will happen when it's determined we can't drive things any lower.

I bought some IWM calls for March 31. Huge market bounce coming in the near future imo.

Like to put things into perspective the short volume on IWM has been around 70% the past few weeks. The short interest of IWM is like 30% of the float.

Shorting an entire index at that level isn't just corruption it's outright sabotage of the economy. The midcaps are the growing businesses of the US. It's in the best interest of the country for our businesses to succeed. I dont think the government gives a damn about retail investors per se, but they want our economy to do well by allowing growing companies to actually survive, and they want tax revenue from capital gains.

I just bought 100 3.5c for BBIG that expire April 14. Very tempted to up to 200 too.

This price pattern just screams pop to me.

You think it wont pop before then?

I felt having more time was worth the premium increase. Feels less like gambling and more of a certainty with that duration than say one-two week duration.

Like this Russia stuff even though I think it's not going to pan out is going to pin the market a bit. And Tyde, I mean, I don't know a date. No one knows a date. We just know the filings and the amendments. I think this week is say I don't know 30% likely. I think before April 14 is 95% likely.

Also keep in mind even if we get Tyde record date, we need to hit the date AND the date needs to pass for the pressure to really begin. What made Overstock really run wasn't just at the immediate forced covering, but also the outstanding options and crossing those intervals with huge amounts of options in the money. Overstock record date was like, May something and it didn't hit $100 till July. I imagine it's because it had a ton of stacked options chains that took a while to shake out, like for instance say we cross $10 next week. That puts every full option chain until April 1st fully in the money. We're talking tens of millions of shares each week. That creates constant upward pressure for weeks and weeks as MM constantly need to hedge millions and millions of shares just for calls. You wanna maximize the pop you gotta shoot behind.

I don't envy people that are invested in the Russian stock market now

Ugh. Looks like a buying opportunity will be coming up at least.

Im considering selling $3.00 calls just to be done with BBIG and exit the position until things calm down (assuming it closes above $3). I dont think BBIG will explode before this Friday. I can get around $20k premium, which is greater than the amount Id lose from the difference between its AH price of $3.15 and $3.00.

You're going to be happy you're on BBIG this week I think

Market being blood red is going to affect stocks already shorted to hell a lot less

I'm looking forward to losing more market cap on fubo tomorrow

Bought more BBIG at $3.00. Need another midweek burst.

No idea what I did. Somehow I got an email talking a lot a day 1 margin alert. I dont mess with margins. I decided to close all my positions, especially with this war stuff looming. In all, I lost around $15k.

Got some 10 dollar PUTS on Rocket. Don't see them bringing eye popping earnings and in this environment that'll be an excuse to run it down 20%

Moonroof posted...

No idea what I did. Somehow I got an email talking a lot a day 1 margin alert. I dont mess with margins. I decided to close all my positions, especially with this war stuff looming. In all, I lost around $15k.

Zzzzzz

Homie stock EVRI is going to crush earnings on 3/1 because thats what homie stocks do. Get it on it.

I think it's safe to say we're in a correction, but now I'm expecting a crash because of the Russia/Ukraine situation. It's also almost March and the Fed was wanting to raise interest rates.

The stock market won't be pretty unless you're buying.

My money... :(

My brokerage allows me to take 2% loans at any point in time I want on up to 40% of my portfolio (but get margin called if I owe 75% of what my value is). I took out a loan tonight before the maximum amount I can borrow lowers as I believe the market will crash tomorrow. Holding that cash for a few days and then going to reinvest it, then pay off the loan gradually. In an emergency, I am holding onto my down payment money and can use that to pay off my margin loan very easily. Not like I can buy any real estate anyway.

I *probably* shouldn't be playing with margin loans while the stock market is probably going to crash, but I'm taking out money I can easily put back in, the rate is stupid cheap, and I'm throwing the money into stuff like VOO and SCHD, not individual companies.

Wow.